Standard Chartered Goes Live with Digital Vega

London, 23 July 2019 - Digital Vega, the leading FX Options e-trading platform and provider of FX Options trading solutions, today announced that Standard Chartered Bank has become a Liquidity Provider (LP) on its Medusa trading platform.

Standard Chartered has a unique global footprint, actively trading over 100 currencies and pricing an unparalleled range of emerging markets and G10 currencies. The addition of Standard Chartered adds broader liquidity to the Medusa platform, which is the market leader in automated FX Options trading.

“As more of our clients adopt electronic trading it is important that we serve them via their preferred channels on a global basis, which includes Digital Vega’s Medusa platform. This is particularly important as we continue to grow our FX Options business,” said Alex Axentiev, Managing Director at Standard Chartered. “We have been impressed with Digital Vega’s platform from the outset and look forward to continuing our close working relationship in the future.”

“The FX Options market continues to migrate to electronic trading channels, with the pace of change accelerating, due to regulation, transparency and increased efficiency. Clients are increasingly asking for help to evidence best execution, and as the leading multi dealer platform, we are able to do just that,” said Mark Suter, Executive Chairman of Digital Vega.

He added, “We are delighted that Standard Chartered has joined Medusa, bringing a strength and depth in emerging markets to our clients, and we look forward to working with them on our FX Options platform, and a range of planned new services.”

Bloomberg recently announced that it had acquired RegTek.Solutions, a leading provider of global regulatory reporting software solutions. The acquisition will expand the range of regulatory reporting services offered by Bloomberg, and deliver a fully integrated and comprehensive service that supports compliance with current and upcoming regulatory reporting requirements across multiple jurisdictions around the world.

RegTek.Solutions, which provides modular software solutions built around actionable regulatory intelligence, will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems. The acquisition will bring together the expertise of both firms to deliver a systematic and robust offering, combining Bloomberg data enrichment and reporting capabilities with RegTek.Solutions’ quality and control tools across a broad range of global reporting jurisdictions.

Brian Lynch at RegTek.Solutions said, “RegTek has built an award winning product and impressive, tier-1 client base. Combining our solutions with the strength and scale of Bloomberg’s RHUB services, as well as access to their market data, enterprise data management, analytics and enrichment capabilities will allow us to offer the cross jurisdictional, cross asset solutions that our clients demand. We can now continue to deliver sustainable compliance at a scale that will have a fundamental market impact.”

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced their partnership with Finanz Informatik Solutions Plus GmbH, to help their German clients with implementation projects and application management of SmartStream’s Corona solutions, as well as their next generation TLM Aurora offerings.